**Standout Features:**
- Three-story mixed-use property in central Torquay
- Licensed six-bedroom HMO generating £34,612 annual income
- Retail unit on the ground floor currently leased for £4,800 per year
- Recently refurbished to a high standard
- High-yield investment opportunity at 13.83%
- Close proximity to a variety of local amenities and services
**Summary:**
Discover a unique investment opportunity with this substantial mixed-use freehold property located at 19 Market Street, Torquay. This charming Victorian-style building combines a well-appointed ground floor retail unit, currently under long-term lease, with a licensed six-bedroom HMO across the upper floors. Recent renovations enhance its inviting features, resulting in spacious living areas and shared amenities such as a modern kitchen and dining space, ensuring high tenant satisfaction.
With a robust gross income of £39,412 per annum when fully let, this property stands out as an appealing choice for investors seeking high yields. The central location ensures excellent foot traffic, benefiting both the retail space and the HMO, appealing to a diverse range of residents—from local renters to seasonal tourists.
While situated in a vibrant urban environment, prospective buyers should be mindful of the property's location in an area with higher local crime rates. Nevertheless, with fast broadband and excellent mobile signal, the property meets modern connectivity needs. Don't miss out on this remarkable chance to secure a dual-purpose investment that combines lifestyle, comfort, and growth potential in a prime Torquay location. Early viewing is highly recommended!
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